For decades, older adults have been targets of scams, especially financial scams. Seniors are often targeted because they’re vulnerable and trusting. Unfortunately, sophisticated scammers in other continents and the United States have developed eight shocking scams that specifically target elderly individuals. However, shedding light on these deceptive practices can empower seniors and their families to protect themselves.
Grandparent Scam

One of the most heartless scams targeting seniors is the grandparent scam. Scammers impersonate a grandchild in distress, claiming to need urgent financial assistance due to an emergency such as a car accident or legal trouble. This preys on grandparents’ love and concern grandparents for their grandchildren, leading them to wire money or provide personal information without verifying the caller’s identity.
Medicare Fraud

Medicare fraud is another common scam affecting seniors. Scammers may pose as Medicare representatives or healthcare providers, offering fake services or products in exchange for Medicare information. Seniors may unknowingly provide their Medicare details, which thieves then use to bill Medicare for services or equipment that were never received.
Romance Scams

Romance scams target seniors seeking companionship online. Scammers create fake profiles on dating websites or social media platforms, establishing emotional connections with their victims before requesting money for various reasons such as travel expenses or medical emergencies.
These scams exploit seniors’ desire for companionship and can result in significant financial losses. One brave senior, 83-year-old Pat Breitkruez, shared her story of losing over $98,000 with Indianapolis station WRTV. Search the Internet, and you’ll find many other brave seniors sharing their stories of being fleeced by romance scams.
Investment Schemes

Scammers often target the elderly in investment schemes promising high returns with little risk. Scammers may use aggressive tactics to pressure seniors into investing in fraudulent schemes or fake opportunities, resulting in losing their hard-earned savings. These schemes often seem legitimate at first glance, making it crucial for seniors to conduct thorough research and seek advice from trusted financial advisors.
Moreover, investment scams targeting elderly individuals exploit their desire for financial security by offering high-return, low-risk opportunities. Scammers employ aggressive tactics to pressure seniors into investing, resulting in the loss of their savings. These schemes often appear legitimate, underscoring the importance of thorough research and seeking advice from trusted financial advisors to protect seniors’ assets and financial well-being.
Sweepstakes and Lottery Scams

Sweepstakes and lottery scams deceive seniors into believing they have won a prize but must pay a fee or taxes to claim it. Scammers may send fake checks or letters informing seniors of their “winnings,” leading them to send money or personal information to collect prizes. These scams exploit seniors’ excitement and desire for financial gain, leaving them vulnerable to financial exploitation.
According to ABC 8 News in Richmond, Virginia, Alvina Manuel was a victim of a sweepstakes scam. The scammers told her she had won over eight million dollars and an E-Class Mercedes Benz. The catch? They wanted her to send $1,300 to cover the taxes. She did, but then the scammers returned and asked for more money. Manuel knew she had been had and refused to send any more money.
Tech Support Scams

Tech support scams target seniors by posing as legitimate technology companies offering assistance with computer problems or viruses. Scammers may contact seniors via phone or pop-up messages on their computers, claiming their device is infected and requesting remote access or payment for services. Seniors may inadvertently provide access to sensitive information or pay for unnecessary services, falling victim to this deceptive scheme.
According to the Federal Trade Commission, tech support scammers use three primary ways to reach their victims: phone calls, pop-up warnings, and online ads.
Scammers first contacted one man in Missouri via a pop-up warning, and over several days, he actually had the scammers repeatedly show up at his house for money. He ended up giving the scammers over 40,000 dollars. Unfortunately, this is not an isolated case. According to ABC 17 News, “In 2023, tech support scams were the third most-reported cause for loss in adults 70 and older. Of those scams, 13 percent of the time, communication was started via an online ad or pop-up.”
Home Improvement Scams

Home improvement scams represent a particularly insidious form of financial exploitation, preying on the desire of seniors to maintain and improve their homes. These scams often begin with a knock on the door or an unsolicited phone call from individuals claiming to be contractors or repair professionals. They may offer various services, from roof repairs and driveway paving to plumbing fixes and landscaping projects.
Once they have the senior’s attention, scammers employ a variety of tactics to manipulate them into agreeing to unnecessary or overpriced services. They may use high-pressure sales tactics, insisting that immediate repairs are essential to prevent further damage or ensure the safety of the home and its occupants. Seniors, especially those living alone or with limited support networks, may feel compelled to agree to these demands out of fear or a desire to avoid conflict.
Moreover, these unscrupulous individuals often demand payment upfront or in cash, making it difficult for seniors to dispute charges or seek refunds if the work is substandard or never completed. They may also avoid providing written contracts or receipts, further complicating matters and making it challenging for seniors to seek recourse through legal channels.
Charity Fraud

Charity fraud exploits seniors’ generosity by soliciting donations for fake or nonexistent charitable organizations. Scammers may contact seniors by phone, email, or in person, claiming to represent a reputable charity and requesting donations for a cause. Seniors may donate money, unaware that it will never reach its intended recipients, or provide personal information that can be used for identity theft.
Final Thoughts

In conclusion, elderly financial exploitation is a serious issue that requires awareness and vigilance. By understanding the common scams targeting seniors and taking proactive measures to protect themselves, seniors can safeguard their finances and avoid falling victim to deceptive practices. Seniors and their families need to stay informed, remain skeptical of unsolicited offers or requests for money, and seek assistance from trusted sources if they suspect scammers have targeted them.
Melissa is a freelance writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her homeschooling her kids, reading a good book, or cooking.
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